Press Release: HELM AG announces Methanol Joint Venture
HELM AG, Proman AG and Southern Chemical Corporation (SCC) today announced a significant restructuring of their regional methanol marketing activities to establish the global joint venture HELM Proman Methanol AG.
11/06/2018, Hamburg, Germany
The international marketing network of HELM AG, Proman AG and SCC and their subsidiaries will join together to become HELM Proman Methanol AG, creating a global leader in the methanol marketing industry. The three partners have worked closely together in the past.
Hans-Christian Sievers, Chairman of the Executive Board of HELM AG, commented: “We are convinced that founding HELM Proman Methanol AG is the right response to our customers’ wishes. The strong rise in demand for methanol and the expansion of our production-plant activities necessitate a company that can steer its methanol marketing globally, and thus fulfil our customers’ requirements even better.”
The new company will launch its operational activities on 01 July 2018 and will be headquartered in Wollerau, Switzerland, with two further principal offices in Houston, USA, and Singapore.
David Cassidy, CEO of Proman AG, said: “HELM Proman Methanol AG is an exciting new development for the business, creating a global trading platform to deliver a high quality and reliable service from a single source. We plan to rank among the world’s best in methanol marketing, fully aligned with our customers’ interests.”
At 57% HELM AG will hold a majority stake in the joint venture, while Proman AG will hold 38% and Jan W. Spin, CEO and shareholder of SCC, will hold 5%. Jan W. Spin: “HELM Proman Methanol AG will draw on the strengths and achievements of its founding partner companies to create a global leader in the methanol industry.”
HELM AG is a Hamburg-based family company established in 1900. HELM is one of the world’s largest chemicals marketing companies. The Company secures access to the world’s key markets through its specific regional knowledge and over 100 branches, sales offices and participations in over 30 countries. As a multifunctional marketing organisation HELM is active in the chemicals industry (Feedstocks and Derivatives), in the crop protection industry, in active pharmaceutical ingredients, pharmaceuticals and in the fertilizer industry. HELM AG has a total of 1,521 employees.
Founded in 1984, Proman has grown from a project management company to become a global multi-asset, multi-regional diversified energy producer.
Headquartered in Switzerland, with assets in the United States, Trinidad and Oman, and ongoing expansions into Mexico, Proman is the world’s second largest methanol producer and one of the ten leading fertilizer companies.
Proman also is a significant services business, with extensive experience in petrochemical plant operations, petrochemical and power plant construction, product marketing and logistics, and project management.
Southern Chemical Corporation (SCC) delivers the highest level of service and solution-driven logistics to maximize the building blocks of your business. Backed by security of supply and a reliable distribution network, SCC distributes methanol and melamine to small and large companies throughout the Americas.
SCC´s commitment to its customers reaches beyond competitive pricing and dependable stock. SCC is fully invested in Responsible Care® practices and have provided years of exceptional customer service. With a strong leadership position in the market, SCC strives every day to deliver product, valuable information, and the most cost-effective logistical solutions to its customers, giving them a competitive advantage.